ECB's Simkus says caution is needed on rates and it is too early to say what is needed at the April meeting

The ECB's Simkus emphasizing caution on rates signals a potentially dovish stance, indicating that the central bank may be hesitant to make decisive moves ahead of the April meeting. This approach suggests that the outlook for monetary policy may remain uncertain, impacting market expectations for interest rates and possibly weighing on the euro as traders recalibrate their positions based on this cautious guidance.